UAE Business: Food Tech Valley and Tradeling to bolster UAE’s food ecosystem – Gulf Digital News

UAE Business: Food Tech Valley and Tradeling to bolster UAE’s food ecosystem – Gulf Digital News

Food Tech Valley, which is being developed by wasl Asset Management Group, has partnered with Tradeling to bolster UAE’s food ecosystem.

This is at a time the UAE food trade exceeds AED100 billion ($27.23 billion) every year, and the AgriTech market is expected to grow from $13.5 billion to $22 billion over the next four years.

Food Tech Valley is a UAE-government-led initiative that was announced in 2021 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, that seeks to triple the UAE’s food production and position the nation as a global destination for the industry, partners with Tradeling, the Mena’s e-marketplace focusing on B2B transactions.

Self-sufficiency

The aim is to ensure a number of benefits for both parties and B2B buyers and sellers, as well as to bolster the primary goal of growing the UAE’s self-sufficiency in food imports.

The agreement was signed at wasl Experience Centre by Ahmed AlShaibani, Project Lead at Food Tech Valley, and Marius Ciavola, Chief Executive Officer at Tradeling, in the presence of senior officials from both entities.

Several key objectives were agreed upon to ensure that Food Tech Valley realises its potential of being a commercial hub